3
carefully controlled.
We
will be devoting only about a
over the next few
spending
quarter of our public works
years to the Airport Projects. The other 75% of our public
works spending will be devoted to providing the buildings,
the roads,
the environment-related schemes which Hong Kong
needs to upgrade the quality of life quite separately from the airport.
6.
our
We are determined to press ahead with improving
We must continue to invest in our
on-going programmes.
future.
commitments.
As a result, the Government has substantial
It is only sensible that we should set aside
cushion against future
adequate reserves
as
uncertainties. So, I have budgeted for a surplus of
$5.1 billion in
$2.4
billion to be
increase our fiscal
end of March 1993.
the coming year which, with the
raised by our bond programme, vill
reserves to around $99 billion by the
And our projections show we should
still have around $70 billion reserves by 1997. I think this is the right level of insurance which Hong Kong needs
in an uncertain world.
7.
proposals.
course.
adding to
I
would now like to explain my revenue
I have had to look for additional revenue of
But I have also had wider aims. I want to avoid
And, through tax concessions
inflation.
reduce the tax burden on a broad section of the community.
to
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